GSI Technology (NASDAQ:GSIT) Share Price Crosses Above Two Hundred Day Moving Average - Time to Sell?

GSI Technology, Inc. (NASDAQ:GSIT - Get Free Report) crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $3.17 and traded as high as $5.25. GSI Technology shares last traded at $4.86, with a volume of 281,246 shares.

GSI Technology Stock Down 3.5%

The firm has a market capitalization of $136.43 million, a PE ratio of -11.17 and a beta of 1.11. The business's fifty day moving average price is $3.76 and its 200 day moving average price is $3.19.

GSI Technology (NASDAQ:GSIT - Get Free Report) last issued its quarterly earnings results on Thursday, May 1st. The semiconductor company reported ($0.09) EPS for the quarter. The firm had revenue of $5.88 million for the quarter. GSI Technology had a negative return on equity of 46.88% and a negative net margin of 51.85%.

Institutional Investors Weigh In On GSI Technology

Hedge funds have recently modified their holdings of the stock. Two Sigma Advisers LP acquired a new stake in shares of GSI Technology in the fourth quarter worth approximately $33,000. Two Sigma Investments LP boosted its position in shares of GSI Technology by 19.0% in the fourth quarter. Two Sigma Investments LP now owns 69,960 shares of the semiconductor company's stock worth $212,000 after acquiring an additional 11,149 shares during the last quarter. Northern Trust Corp boosted its position in shares of GSI Technology by 30.7% in the fourth quarter. Northern Trust Corp now owns 40,733 shares of the semiconductor company's stock worth $123,000 after acquiring an additional 9,557 shares during the last quarter. Geode Capital Management LLC boosted its position in shares of GSI Technology by 1.8% in the fourth quarter. Geode Capital Management LLC now owns 208,723 shares of the semiconductor company's stock worth $633,000 after acquiring an additional 3,607 shares during the last quarter. Finally, Barclays PLC acquired a new stake in shares of GSI Technology in the fourth quarter worth approximately $39,000. 33.15% of the stock is owned by institutional investors and hedge funds.

GSI Technology Company Profile

GSI Technology, Inc designs, develops, and markets semiconductor memory solutions to networking, industrial, medical, aerospace, and military customers in the United States, China, Singapore, Germany, the Netherlands, and internationally. It offers associative processing unit products, which are focuses on applications using similarity search in visual search queries for ecommerce, computer vision, drug discovery, cyber security, and service markets.